PHILIP BEGONJA MEMORIAL FOUNDATION INC (EIN 454404327) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

William Haemmerle

Phone

6462295216

Tax Period

2023-01-01 to 2023-12-31

PHILIP BEGONJA MEMORIAL FOUNDATION INC, founded in 2012, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $81K exceeded revenue, resulting in a 38% operating deficit.

Mission

The Foundation's primary mission is to award educational grants and scholarships to deserving young people requiring financial assistance; award grants to educational institutions; and award grants for the improvement of public parks. The Foundation also supports other worthy causes that are representative of those that Philip cherished during his life.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,727

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,727

Expense Breakdown

Grants Paid $43,550

Salaries & Benefits $0

Fundraising Expenses $37,227

Program Expenses $43,550

Other Expenses $37,227

TOTAL EXPENSES $80,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,727	$40,341	+0.5%
Expenses	$80,777	$38,001	+1.1%
Net Income	$-22,050	$2,340	-10.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Antonio Begonja	Vice President	5	Officer Director	$0	$0	$0
Lucija Begnja	Vice President	5	Officer Director	$0	$0	$0
Anthony Rudolf	President	5	Officer Director	$0	$0	$0
William Haemmerle	Treasurer and Secretary	5	Officer Director Key Emp Highest	$0	$0	$0
Sabrina Notarnicola	Secretary	5	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$58,727	$80,777	$107,715	$-22,050
2022	$40,341	$38,001	$129,765	$2,340
2021	$477,259	$466,909	$127,425	$10,350
2020	$402,204	$435,384	$117,075	$-33,180

PHILIP BEGONJA MEMORIAL FOUNDATION INC